Ferguson Moves Primary Listing to NYSE
CEO Kevin Murphy said the listing structure is now ‘fully aligned with our operations and location of our team.’
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May 2022
FleetPride Acquires T&R Towing and Service Centers
The distributor said it acquired the assets of T&R, a full-service heavy duty repair business based in Bath, New York.
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Builders FirstSource Eyes More M&A, Higher Outlook After Big 1Q
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New South Dissolves ACS Deal
New South Construction Supply said an agreement to acquire American Contractor’s Supply has been dissolved.
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Builders FirstSource 1Q Sales Up 36%
The distributor reported 2022 first-quarter net sales of $5.7 billion, while net income grew 270.6% to $639.6 million.
Builders FirstSource 1Q Sales Up 36% Read More »
DXP 1Q Sales Rise 30.1%
Sales for the quarter were $319.4 million, compared to $245.6 million for 1Q 2021 and $293.1 million for 4Q 2021.
DXP 1Q Sales Rise 30.1% Read More »
MRC Global 1Q Sales Increase 22%
The distributor reported 2022 first-quarter gross profit of $136 million, compared to $103 million during the same quarter in 2021.
MRC Global 1Q Sales Increase 22% Read More »
What Distributors Are Saying About the Labor Situation
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Fluor ‘Great Start’ Brings $3.1B in 1Q Revenue
The company says 2022 first-quarter revenue was $3.1 billion and net income from continuing operations attributable to Fluor was $48 million.
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Arrow Names New CEO, Posts ‘Record’ Earnings
The Colorado-based company named Sean J. Kerins president and CEO and posted 1Q sales of more than $9 billion.
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Graybar Names New Seattle District VP
The distributor says Steven Breeden has been named district vice president for the company’s Seattle District effective July 1.
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Wajax 1Q Revenue Jumps 13.5%
The industrial distributor reported 2022 first-quarter revenue of $439.5 million, up from $387.1 million in 1Q 2021.
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Wesco 1Q Sales Up 22% to $4.9B
The Pittsburgh, Pennsylvania-based company record first-quarter net sales of $4.9 billion, up 22% from 1Q 2021.
Wesco 1Q Sales Up 22% to $4.9B Read More »
NOW Inc. Nets $473M in 1Q Revenue
The Texas-based supplier also reported that 1Q 2022 net income was $30 million.
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With Merger Complete, Lawson Products Rebrands as Distribution Solutions Group
It comes a month after a merger between Lawson, TestEquity and Gexpro Services and a week after Lawson reported strong 1Q earnings.
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Parts Town Yearly Revenue Reaches $1B
The growing distributor says revenue increased 33% in 2021, and it expects to top that this year.
Parts Town Yearly Revenue Reaches $1B Read More »
DXP Acquires Cisco Air Systems
DXP Enterprises, Inc. says the deal adds scale and complements the company’s previous air compressor acquisitions.
DXP Acquires Cisco Air Systems Read More »
TricorBraun Appoints New CFO, Europe President
The global packaging company has named Scott Beamer chief financial officer and Declan McCarthy president of TricorBraun Europe.
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GPC Declares Quarterly Dividend
The company’s board of directors declared a regular quarterly cash dividend of $0.895 per share on common stock.
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Kennametal Fiscal 3Q Sales Top $500M
Pittsburgh-based Kennametal Inc. reported that fiscal 2022 third-quarter sales rose 6% year-over-year.
Kennametal Fiscal 3Q Sales Top $500M Read More »
